Over the course of the past few weeks, we've seen the likes of Mick McCarthy, Thorsten Fink and Vladimir Ivic all rise to the summit of the favourites list, only to slide back down the ranking a few days later, as variety of new names including Neil Harris, Roy Keane and Paco Jemez start to emerge.
Here's our latest rundown of OddsChecker's odds on Sheffield Wednesday' s next manager, ranked from lowest to highest chance of being named as the Owls' next permanent boss:
1. Rafael Benitez - Current odds: 50/1
Current job: Unemployed: Last job: Dalian PFC. Career win percentage: 49.2% Photo: STR
2. Steve Bruce - Current odds: 40/1
Current job: Newcastle United. Career win percentage: 38% Photo: CLIVE MASON
3. David Wagner - Current odds: 33/1
Current job: Unemployed. Last job: Schalke 04. Career win percentage: 33.5% Photo: Justin Setterfield
4. Sammy Lee - Current odds: 33/1
Current job: West Brom assistant manager. Career win percentage: 21.4% Photo: David Rogers